NATIONAL S&P affirms India's currency rating; outlook negative
Mumbai: Rating agency Standard & Poor's (S&P) on June 30 affirmed India's local currency rating
of "BB+negative/B" and foreign currency rating "BB negative/B" respectively, saying the action was
constrained by rising public debt and growing fiscal inflexibility.
GDP slips to 4.3 %, negative farm growth in 02-03
New Delhi: Economic growth plummeted to 4.3 per cent during 2002-03 from 5.6 per cent last fiscal mainly due to a dismal show by the agriculture sector.
Selective stocks help SENSEX surpass 3600-mark
Mumbai: Riding piggyback on a selective stocks rally, the SENSEX breached the 3600-level and ended at a 15-1/2-month high at 3607 at the Bombay Stock Exchange (BSE) on June 30 on unabated buying by operators and fresh purchases from Foreign Institutional Investors (FIIs).
New Intel processors strengthen high-end line-up
New Delhi: Intel Corporation on June 30 introduced new IntelŪ ItaniumŪ 2 processors and Intel Xeon processors MP, further strengthening Intel's products for high-end enterprise computing.
Economic growth slips to 4.3 per cent in 2002-03
New Delhi: Hit hard by dismal show in the farm sector, economic growth slowed down to 4.3 per cent during 2002-03 as against 5.6 per cent in the previous fiscal.
Subex bags coveted Romanian GSM operator order
Bangalore: Bangalore-based telecom software products company Subex Systems on June 30 announced it has won a major order from Connex, the leading GSM operator in Romania, to deploy its revenue assurance solution, INcharge.
INTERNATIONAL 'India, China must not look at each other as rivals'
Shanghai: Favouring a new beginning between India and China to forge better understanding and cooperation in view of the landmark agreement reached this week, Information and Technology Minister Arun Shourie on June 26 said both the countries should not look at each other as rivals.
